What is the Planned Community Act?
The North Carolina Planned Community Act (Senate Bill 801, now Chapter 47F) became law on Oct. 27, 1998. It applies to any planned community (defined as a development in which any owner is expressly obligated by written declaration to pay expenses which maintain, improve or benefit other real estate described in the declaration) developed after January 1, 1999, which contains more than 20 residential lots. It also can apply to any smaller or nonresidential development which the developer chooses to subject to the act, or to any existing community which votes to incorporate the act into its existing declaration and bylaws. The act sets standards for the creation, operation, merger and termination of owners associations; for the management and control of common elements; and for punishing violations of the declaration by imposing fines or suspending privileges or services. You can read it by clicking here.
